Blog Posts in December, 2011

30-Dec-2011

Your bankruptcy attorney will explain that individuals who are paying child support and dealing with other financial burdens may be considering filing bankruptcy as a solution to their financial woes. This may be a good option, depending on your individual situation but filing bankruptcy will likely not erase any financial obligations you have to your children. The Purpose of Bankruptcy Bankruptcy ...

29-Dec-2011

A bankruptcy attorney can explain that military members in the United States get some special protections from the government if they're facing bankruptcy. The Servicemembers' Civil Relief Act (SCRA) gives people who have served the country in the military some assistance in civil actions. SCRA During their military service the SCRA temporarily suspends any judicial and administrative ...

23-Dec-2011

The first step in preparing for a bankruptcy is contacting a bankruptcy attorney. Before you thought about filing for bankruptcy you probably spent a lot of time thinking about it, preparing mentally for what will happen when you file bankruptcy. Now that you've decided to file bankruptcy there are some additional steps you must take to prepare for the bankruptcy. The first thing to do before ...

21-Dec-2011

If you're worried about your debt level and losing your home you should contact a bankruptcy attorney. With unemployment and foreclosure rates so high across the United States it's not uncommon for people to wonder if they're in danger of losing their home. Declaring bankruptcy may be a solution to both your debt problems and your fear of foreclosure. If you want to keep your home but ...

21-Dec-2011

When you file for bankruptcy your bankruptcy attorney will explain exemptions to you and will introduce you to the wildcard exemption. In federal bankruptcy exemptions and in many state exemptions there are wildcard exemptions. A wildcard exemption can be used to exempt (keep) any type of personal property, which has different implications for Chapter 7 and Chapter 13 bankruptcies. Most bankruptcy ...

20-Dec-2011

A bankruptcy attorney can explain to you that filing a bankruptcy is not something to take lightly. Each case is different and your attorney will go over your case in detail, but the following Chapter 13 bankruptcy steps are what you can typically expect. Chapter 13 Bankruptcy Steps Review your debt – itemize what you owe and to whom Check eligibility to make sure you can file a Chapter 13 ...

2-Dec-2011

It's not common, but a bankruptcy attorney can explain to you what an involuntary bankruptcy is and how a creditor can force you into bankruptcy. Whether you're an individual or a business and aren't paying your bills, you may find that one or more of your creditors is desperate for repayment, so much so that they'll file a petition with the court requesting a Chapter 7 bankruptcy ...

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